Supreme Court: Non-Signatory That is Not a Veritable Party Cannot Invoke an Arbitration Clause  ||  SC: Bail Can't be Cancelled For Police Non-Appearance Once Chargesheet is Filed and Trial is Attended  ||  SC: New Arbitration Bill Fails To Provide a Statutory Appeal Against Tribunal Termination Orders  ||  SC: Employees Who Resign or Retire After Five Years of Service Are Entitled to Receive Gratuity  ||  SC: Employees Who Resign or Retire After Five Years of Service Are Entitled to Receive Gratuity  ||  Supreme Court: Higher Courts Should Avoid Unnecessary Remand of Cases to Lower Courts  ||  J&K&L HC: Under SARFAESI Act, Borrower's Right To Redeem a Secured Asset Ends With Auction Notice  ||  Calcutta HC: Income Tax Returns Can Be Used to Assess Victim's Income; ?39 Lakh Compensation Granted  ||  Delhi HC: Woman's Right to a Shared Household Does Not Allow Indefinite Occupation of In-Laws' Home  ||  Delhi HC: Director Disputes in a Company Do Not Qualify as Genuine Hardship to Delay ITR Filing    

SC Strikes Down Proviso Curtailing Powers of ITAT to Grant Stay of Demand for More Than 365 Days - (12 Apr 2021)

DIRECT TAXATION

Supreme Court has struck down a proviso in the Income Tax Act, 1961 which curtailed the powers of the Income Tax Appellate Tribunal to grant stay of demand for a period exceeding 365 days, even if the delay in disposing of the appeal was not owing to any fault of the taxpayer.

Tags : SUPREME COURT   STAY OF DEMAND  

Share :        

Disclaimer | Copyright 2025 - All Rights Reserved